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QUESTION

Explain the concept of private and social cost of pollution? How and when does pollution invalidate the market?

  1. Explain the concept of private and social cost of pollution? How and when does pollution invalidate the market?
  2. Discuss the argument for and against the three main view of manufacturers duties to consumers. In your judgement, which view is most adequate and why?
  3. What is affirmative action. Describe the Utilitarian case for affirmative action?
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